Anfield Energy Inc · TSXV:AEC
Anfield Energy — Investor Presentation (October 2025)
21 slides from Anfield Energy's investor presentation, October 2025
Slide 1: Pursuit of Hub-and-Spoke Uranium & Vanadium Production Strategy in the United States
PURSUIT OF HUB-AND-SPOKE URANIUM & VANADIUM PRODUCTION STRATEGY IN THE UNITED STATES OCTOBER 2025
Slide 2: Safe Harbour
SAFE HARBOUR All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation
Slide 3: Capital Markets Profile
CAPITAL MARKETS PROFILE EXCHANGE/SYMBOL TSX Venture AEC NASDAQ AEC CAPITAL STRUCTURE Recent share price C$13.82 52-week range C$3.375 - C$14.25 Basic shares outstanding 15.7M Adjusted Warrants outstanding 5.0M Options outstanding 1.1M v v Market capitalization (basic) $216.4M Market capitalization (
Slide 4: Reasons to Invest
REASONS TO INVEST Shootaring Canyon Mill, Utah WWW.ANFIELDENERGY.COM TSX.V:AEC 4
Slide 5: 2025 Key Catalysts
2025 KEY CATALYSTS US LISTING ON NASDAQ - COMPLETED • US listing expected to enhance trading liquidity, providing direct access to US institutional and retail investors SHOOTARING CANYON MILL PERMITTING • Advancement of reactivation plan with the state of Utah • Approval will allow for an upgrade to
Slide 6: Macro Overview: Uranium
MACRO OVERVIEW: URANIUM GEOPOLITICAL RISK INHERENT IN THE SECTOR • Russia: conversion and enrichment dependence in the West • China: Kazakhstan declared further energy cooperation; trading hub proposed • Niger: Orano production disrupted by coup; export controls • USA: world’s largest installed reac
Slide 7: Hub-and-Spoke Opportunity in the Uravan Mineral Belt
HUB-AND-SPOKE OPPORTUNITY IN THE URAVAN MINERAL BELT URAVAN MINERAL BELT • 750 tpd permitted Shootaring Canyon Mill in Utah which underpins Anfield’s hub-and-spoke strategy • 5 properties containing uranium resources which will serve as feedstock to the Mill Velvet-Wood • Three of the aforementioned
Slide 8: Shootaring Canyon Mill (Hub)
SHOOTARING CANYON MILL (HUB) • One of only three licensed, permitted and ENVISIONING A CENTRALIZED PROCESSING OPERATION: SHOOTARING CANYON MILL IS NEAR SEVERAL MULTI-MILLION POUND URANIUM DEPOSITS IN UTAH constructed uranium mills in existence in the U.S. • Conventional acid leach facility licensed
Slide 9: Pipeline of Mining Projects (Spokes)
PIPELINE OF MINING PROJECTS (SPOKES) VELVET-WOOD PROJECT Velvet-Wood & Slick Rock PEA (May 2023) • Historic production of 4 Mlbs U3O8 and 5 Mlbs V2O5 Mine Life 15.0 years • M&I mineral resource of 4.6 Mlbs U3O8 grading 0.29% plus additional inferred resources of 0.55 Mlbs U3O8 grading 0.32% LOM Ore
Slide 10: Secondary Pipeline Acquisition: Marquez-Juan Tafoya Project
SECONDARY PIPELINE ACQUISITION MARQUEZ-JUAN TAFOYA PROJECT MARQUEZ-JUAN TAFOYA PROJECT • Acquired from enCore Energy in 2023 • Historical Indicated uranium resource of 18.1Mlbs at an average grade of 0.127% • Historical PEA returned NPV of $20.6M at a 7% discount rate and a $60/lb uranium price* VAL
Slide 11: Anfield's Steps to Production
ANFIELD’S STEPS TO PRODUCTION NEAR-TERM LONGER-TERM MID-TERM PRODUCTION PLAN: PRODUCTION PLAN: PRODUCTION PLAN: ACQUIRE ADDITIONAL ASSETS AND ASSESS SHOOTARING, VELVET-WOOD WEST SLOPE SECONDARY ASSETS WITHIN THE AND SLICK ROCK PORTFOLIO • Mill reactivation plan submitted to Utah • Advance its curren
Slide 12: Peer Comparison
PEER COMPARISON FAVOURABLY SITUATED VS. US URANIUM PEER GROUP, AMPLIFIED BY AN INDUSTRY-LEADING VANADIUM RESOURCE BASE US URANIUM PEERS PEERS AEC EFR UEC EU URE MARKET CAP (C$M) $216 $5,421 $8,784 $863 $894 EV (C$M) $205 $5,146 $8,577 $809 $814 U3O8 RESOURCES (Mlbs) M&I 10.5 66.7 198.4 44.7 20.7 Inf
Slide 13: Management + Directors
MANAGEMENT + DIRECTORS COREY DIAS KEN MUSHINSKI CO-FOUNDER, CEO AND DIRECTOR CHAIRMAN Co-Founder of Anfield Energy. More than 20 years of capital Currently CEO of Rare Earth Elements. 33 years of markets experience. Former equity research analyst, fund nuclear-related experience at General Atomics m
Slide 14: Management + Directors
MANAGEMENT + DIRECTORS DON FALCONER STEPHEN LUNSFORD DIRECTOR DIRECTOR 35 years experience in uranium and nuclear utility sectors in 40 years experience as senior geologist in all stages of both public and private spheres, including senior management mine exploration and development; formerly with a
Slide 15: Velvet-Wood Project
VELVET-WOOD PROJECT UTAH 15
Slide 16: Velvet-Wood Project
VELVET-WOOD PROJECT OWNERSHIP • 100% owned by Anfield • Purchased from Uranium One in August 2015 LOCATION • 2,425-acre property located in the Lisbon Valley Uranium District in San Juan County, Utah HISTORY • Historic production of 4 Mlbs U3O8 and 5 Mlbs V2O5 (1979- 1984), mined at an avg. grade of
Slide 17: Slick Rock Project
SLICK ROCK PROJECT COLORADO 17
Slide 18: Slick Rock Project
SLICK ROCK PROJECT OWNERSHIP • 100% ownership of contiguous lease tracts LOCATION • San Miguel County, Colorado approximately 24 miles north of the town of Dove Creek HISTORY • The Slick Rock property produced uranium and vanadium from 1957 to 1983 via the Burro Mines INFRASTRUCTURE • Existing shaft
Slide 19: West Slope Project
WEST SLOPE PROJECT COLORADO 19
Slide 20: West Slope Project
WEST SLOPE PROJECT OWNERSHIP • 100% owned by Anfield • Acquired from Cotter Corporation in 2018 LOCATION • 9 DOE leases and adjacent lode mining claims covering 6,913 acres in Montrose and San Miguel Counties of SW Colorado HISTORICAL • Approximately 1.3 Mlbs of uranium and 6.6 Mlbs of vanadium prod
Slide 21: To Reach Anfield, Please Contact Us
TO REACH ANFIELD, PLEASE CONTACT US: CANADA USA ANFIELD ENERGY INC. ANFIELD ENERGY INC. 2005 – 4390 Grange Street 28151 DD Road. P.O. Box 700 Burnaby, BC V5H 1P6 Nucla, CO 81424 contact@anfieldenergy.co contact@anfieldenergy.com m
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